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The Corporate Insolvency and Governance Bill, which was debated in the House of Commons yesterday, is a significant step forward in attempts to mitigate the enormous economic damage caused by COVID-19, according to insolvency and restructuring trade body R3 in Scotland. The firm has said that b

Edinburgh-based software company Sharktower AI has announced the appointment of Brendan Waters as its chief financial officer. Mr Waters spent several years as a corporate finance advisor to technology businesses before joining one of the UK’s highest-profile tech start-ups, FanDuel, as their

Dominic Gibson, an Association of Chartered Certified Accountants (ACCA) student from Paisley, has achieved the top score for the APM - Advanced Performance Management exam, making him a global prize-winner in the latest ACCA exam session. ACCA celebrates outstanding exam achievement by candidates w

The Royal Bank of Scotland is hosting a Q&A webinar with business experts to help Scottish SMEs prepare for the easing of lockdown restrictions and the challenges COVID-19 has created. The free event, called From Resilience to Recovery, will see mentors, economists and fraud experts come togethe

Scotland’s Towns Partnership, through its sister organisation Scotland’s Improvement Districts, has announced a new strategic partnership with the Federation of Small Businesses (FSB) in Scotland. The partnership will mean that all of Scotland’s near 40 Business Improvement Di

The Association of British Insurers (ABI) has welcomed the UK Government's announcement of a temporary, government-backed reinsurance scheme to help businesses access trade credit insurance as they recover from the impacts of the coronavirus pandemic. The scheme aims to help speed up the economic re

UK new car sales were down -89.0% in May with just over 20,000 vehicles delivered as the coronavirus lockdown continued.

The UK employment rate had reached a joint-record high of 76.6% before the coronavirus crisis hit the UK according to the latest Labour Market Statistics update published by the Office for National Statistics (ONS).  The employment rate was 0.6 percentage points higher than a year earlier

The first US gold coin has gone up for sale with an estimated sale price of $15 million.

Blair Nimmo, head of restructuring at KPMG UK, details the ways in which Scottish businesses are facing uncertainty and liquidity issues in the current financial climate. In the current environment of dramatically falling consumer demand and great uncertainty, those running the UK’s businesses

Edinburgh-based fintech Aveni has secured seed investment of £520,000 for its ground-breaking video conferencing-based AI technology, which will transform client interaction in financial and professional advice sectors in the new age of ‘digital client service’. The investment, led

A debt repayment system similar to student loans payback schemes where companies only start repaying debt undertaken during the coronavirus crisis once they have turned a profit, has been proposed by the Institute of Directors (IoD) as critical to economic recovery.  Directors of UK businesses

Standard Life Aberdeen has told the majority of its staff to work from home until the end of this year. Yesterday the company told 4,900 UK employees working from home during the UK's lockdown not to expect to come back to the office this year.

Employer confidence has started to pick back up in some Scottish cities, according to the latest job market data from CV-Library.

Kris Keane, director at big-four audit firm Deloitte, details how firms can emerge from lockdown stronger than when they entered it. A typical crisis plays out over three time frames: ‘respond’, in which a company deals with the present situation and manages continuity; ‘recover&rs